ASX has revealed that group executive, securities and payments, Tim Hogben has stepped down following a career spanning 23 years with the market operator.
In a statement this week, ASX said that Mr Hogben confirmed his intention to pursue new opportunities outside of the company and is to depart immediately.
Commenting on the move, managing director and chief executive officer Helen Lofthouse said: “Tim has shown incredible commitment to ASX over more than two decades of service and his presence and passion for the exchange will be missed.”
“Having recently supported ASX in navigating the next stage of the CHESS replacement project, as well as delivering the special report on the supportability and maintenance of current CHESS, Tim and I have been discussing his longer-term plans and desire to take a break ahead of pursuing new opportunities.”
The market operator said that Mr Hogben will be succeeded by Clive Triance, current managing director, head of strategic account management at US-based fintech FIS.
“Mr Triance, who will relocate from London, is expected to commence in August, subject to visa approvals,” Ms Lofthouse clarified.
She also recognised the service of group executive, people and culture, Lisa Green, who after eight years at ASX has confirmed her intention to depart.
“Lisa led our COVID-19 response, significantly uplifted ASX’s people and culture practices, and has driven the ongoing effort to create a more diverse and inclusive workforce. I’m grateful for the valued contribution Lisa has made and I’m pleased she will continue to support ASX until we finalise a transition of responsibilities.”
“Both Tim and Lisa are leaders who have, many times over, prioritised the needs of ASX, its customers, and its people. I know their teams and stakeholders hold them in high regard and they leave a positive impact on those around them," Ms Lofthouse added.
As part of its statement on Tuesday, ASX also announced the expanded remit of its people and culture portfolio to include certain transformation responsibilities, alongside a new chief people officer. Ms Green will continue in her current capacity until the new chief people officer is appointed.
Moreover, the market operator confirmed that the recruitment process for a chief customer and operating officer is currently underway, following the resignation of chief customer and operating officer Val Mathews in May. Ms Mathews will continue in her current capacity until an appointment is finalised.